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When presenting to junior risk managers about the failures of risk management at large financial firms, what is an accurate representation of a lesson learned from a historical financial disaster case?
A
The Orange County case emphasizes the importance of fully understanding complex derivative contracts before entering into them.
B
The London Whale case emphasizes the importance of considering the fact that correlations can increase sharply during a global financial crisis.
C
The Northern Rock case emphasizes the importance of having a strong cybersecurity framework.
D
The LTCM case emphasizes the importance of meeting regulatory capital requirements.
